Replies to post #60424 on Seven Arts Entertainment Inc (SAPX)

[Ronnie Replay]

The same copy/paste job he posts all around this website stating certain companies will never achieve Pink Current status again. As you can see in the url below, OTCM approved reinstating SAPX under Jason Black in 2021 after no filings between 2015 and 2021.

SAPX has bounced from Pink Current to Pink Limited and back to Current a few times since and that was due to being a few days late on filings. All required quarterly reports have been filed and the Management Certification has been filed. The OTC has to review the last document and it should be Current again.


https://www.otcmarkets.com/stock/SAPX/news/Seven-Arts-Entertainment-Achieves-OTC-Markets-Revival?id=316535

[Ronnie Replay]

Releasing news when pink limited is pointless. People have more faith in stocks that are Pink Current. I believe that is why the CEO tweeted he will release updates once Current. As for the Lionsgate deal that was in the 8-k, if you have been keeping up with Lionsgate headlines they have stated that they have had delays on their side when it comes to updates as well. I would imagine a smaller company wouldn’t say anything unless it had the go ahead from a bigger company in a deal. Lionsgate has a shareholder meeting in April and I expect some update after that. However, this is speculation on my part and I am not stating it as a fact.

[drugmanrx]

Very simple, because of the following

why a company with a deal with Lionsgate is trading in the mid trips…

Seven Arts Entertainment
@SAPX_7arts
Some parties necessary to approving our next $SAPX update are taking time away to celebrate Passover. This had not previously occured to us. Considering the current state of world affairs, it would be inappropriate to press the issue.
We're in brief holding pattern for a few days
8:34 AM · Apr 25, 2024


Seven Arts Entertainment
@SAPX_7arts
May 15, 2024
Per inquiries: We are wrapping up our $SAPX quarterly report. Updates will resume once its filed.


Seven Arts Entertainment
@SAPX_7arts
$SAPX updates will resume shortly.
3:39 PM · Jun 26, 2024
·6,875 Views

As you are well aware NINE Months later those updates never materialized, so it appears to those that don't follow SAPX that the deal never materialized as nothing has shown up in the quarterly about the deal, hence they see no reason to invest in the stock.

Those that follow SAPX understand that the split of Lionsgate with Starz WAS SCHEDULED TO BE COMPLETED APRIL 2024 and hence believe that the reason the above tweets which promised updates which never materialized was due to the delayed Starz spinoff.

In my personal opinion this believe is strengthen by the fact, that SAPX which was silence for nearly nine months and behind in it's filings has just recently broke that silence and brought their financials up to date at the very same time that Lionsgate announced the split will be completed in April 2025.